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Stock Market & Financial Investment News

News Breaks
December 21, 2012
10:37 EDTFLIR, COL, LMT, RTN, GD, LMIA, NOC, BA, BAESY, LLLHouse votes to rescind defense cuts, Defense News reports
The House of Representatives last night approved a Republican bill that would cancel automatic defense cuts scheduled to occur beginning next month, according to Defense News. Democrats, however, were opposed to the measure, and it's doubtful that the Senate will vote on the legislation, the website added. Reference Link
News For LLL;LMIA;LMT;BAESY;GD;COL;BA;RTN;FLIR;NOC From The Last 14 Days
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November 26, 2014
17:36 EDTLMTLockheed Martin awarded $492M government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $492,008,803 modification to a previously awarded cost-plus-incentive-fee contract to provide non-air vehicle spares, support equipment, Autonomic Logistics Information System hardware and software upgrades, supply chain management, full mission simulators and non-recurring engineering services to support Low Rate Initial Production Lot VII F-35 Lightning II Joint Strike Fighter aircraft for the U.S. Air Force, Marine Corps, Navy and international partners. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
11:41 EDTNOC, LLL, GDCubic soars after results beat estimates, dividend raised
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10:55 EDTBABoeing reports two new orders in weekly update
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November 25, 2014
05:19 EDTBABoeing delivers first direct purchase 737-700 to Ruili Airlines
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November 24, 2014
17:28 EDTFLIR, RTNFLIR Systems announces favorable verdict in litigation matter
FLIR Systems (FLIR) announced that the company and its subsidiary, Indigo Systems, now known as FLIR Commercial Systems, have received a favorable verdict in a previously disclosed lawsuit filed by Raytheon (RTN). A jury in the United States District Court for the Eastern District of Texas rejected Raytheon's allegations that Indigo, prior to its acquisition by FLIR in 2004, and FLIR misappropriated 31 trade secrets owned by Raytheon. The jury determined that 27 of the 31 alleged trade secrets were not in fact Raytheon trade secrets and that neither FLIR nor Indigo misappropriated any of 31 trade secrets that were claimed. No damages were awarded against FLIR and Indigo. The court will decide whether or not to award FLIR and Indigo their attorney's fees as the prevailing parties under the Texas Theft Liability Act.
17:19 EDTLMTLockheed Martin awarded $127.75M government contract modification
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12:46 EDTLLLL-3 Communications awarded $218M NGA contract for global network solutions
L-3 Communications announced that its National Security Solutions business has been awarded the National Geospatial-Intelligence Agency’s Information Technology Enterprise Managed Services Transport Services contract for engineering, operations and sustainment services to NGA’s global communications infrastructure. The five-year contract has an expected value of $218M, which includes projects that meet evolving IT mission needs. Under the contract, L-3 will provide services that include wired and wireless Local Area Networks (LANs) and Wide Area Networks, as well as the associated equipment, security devices and cable infrastructure needed to enable the secure, reliable and timely transmission of data.
10:01 EDTGDSmith & Wesson, General Dynamics partner on modular handgun system
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09:19 EDTBAESY, GD, RTN, LMT, NOC, BADefense Secretary Hagel said to be stepping down, NY Times reports
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08:48 EDTBAESYSpartan Chassis awarded ILAV subcontract by BAE Systems
Spartan Chassis, a business unit of Spartan Motors (SPAR), announced that its Defense and Government operating group has been awarded a subcontract from defense contractor BAE Systems (BAESY) to support the production of 22 International Light Armored Vehicles, or ILAVs. The subcontract is the second delivery order against a three year Indefinite Delivery, Indefinite Quantity, or IDIQ, contract and validates the diversified growth and operational strengths of the Spartan Defense and Government, or SDG, business unit. These vehicles perform specialized, mission-critical tasks such as supporting convoy operations, investigating possible improvised explosive devices, or IEDs, and additional rapid response needs. Under the terms of the subcontract, Spartan will provide automotive integration, final assembly, coordination of Government inspection and delivery to the Government. Production for the units will begin in February 2015 on Spartan's Charlotte campus with an expected completion of June 2015.
November 21, 2014
17:07 EDTLMTLockheed Martin awarded $4.12B government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics, is being awarded a $4.12B modification to a previously awarded fixed-price-incentive firm-target contract for the production of 43 Low Rate Initial Production Lot VIII F-35 Lightning II aircraft.
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
05:53 EDTLMT, GDLockheed Martin upgraded to Neutral from Sell at UBS
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November 20, 2014
19:31 EDTBABoeing has no plans for long-range 737 MAX, Reuters reports
Boeing has no plans to extend the range of its upcoming 737 MAX 9 jetliner after Airbus Group's announcement that it will offer a long-range version of its competing A321 aircraft, according to Reuters, citing a senior Boeing executive. Reference Link
15:35 EDTBADelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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13:50 EDTBABoeing confirms Kuwait Airways intent to purchase 10 777-300ERs
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10:01 EDTBAESYBAE Systems awarded contract by DARPA valued at $3.2M
The U.S. Defense Advanced Research Projects Agency has awarded BAE Systems a contract to combat the rapid evolution of technological threats posed by U.S. adversaries. The work will aim to develop a new framework of reliable, jam-resistant networked communications as part of the Communications in Contested Environments program. Valued at $3.2M, the contract for a new open system architecture is for the first phase of DARPA’s C2E initiative.
08:06 EDTGDKaman announces agreement with General Dynamics Canada
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08:04 EDTNOCNorthrop Grumman appoints Patrick M. Antkowiak as CTO
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07:44 EDTBADelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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